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Does Seattle have what it takes to become the next “Silicon Valley”?

Posted on October 16, 2018 by Aleya Bhaloo

Seattle or “Emerald City” is currently the home to the headquarters of big tech companies such as Microsoft, Amazon, Tableau, Zillow, Big Fish Games, and many more. All of them concentrated within Seattle, Redmond, and Bellevue.

Cost of living in Seattle is significantly lower than San Francisco and Silicon Valley. The median home cost carries the biggest factor in difference with Seattle being $761,800, while $1,331,100 in San Francisco. Additionally, with information provided from thebestplaces.net, it highlights that it is 54% more expensive to live in San Francisco. Despite Seattle’s median annual tech income being $15,000 less than those working in Silicon Valley, it is safe to say that higher income may not offset this imbalance in cost of living. For young and freshly graduated tech talents, these could be deciding factors when they choose where to start their career in. As a result, startups are more likely to head in the direction of where these prospective employees will be.

In our opinion, we think that Seattle has great potential in becoming the next “Silicon Valley” with all the benefits and incentives for tech talents. We believe that the tech scene is under development with immense opportunities for growth. Along with the headquarters of Microsoft, Amazon, etc., Seattle is also the home to office branches of Facebook, Google, Adobe, and other tech companies.

What are your thoughts? Let us know.

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